Mint Partners, an interdealer broker, has recruited 15 traders in London and Paris from electronic broker E*Trade.

Mint, founded in 2003, has employed nine equity sales traders in London and six equities and fixed income specialists based in Paris.

The UK employees will join the 100-strong company in the broker’s Cannon Street offices while the French team establishes it outside the UK. The broker, which handles stocks, bonds and derivatives, has expanded, attracting traders with its transparent bonus structure which remunerates staff according to revenues they generate.

Mint, set up by Richard Barnett, previously of interdealer broker Tullett Prebon, and Timothy Bullman, from rival Icap, has taken the traders to help meet its aim of doubling revenues year on year, which it has achieved all the years since its foundation. The traders join from E*E*Trade Financial a week after the US electronic broker reshuffled its senior management following a $2.5bn (€1.7bn) cash injection by alternative asset manager Citadel.

This gives Citadel a 17% stake in the broker, which said last month it would write down the value of its asset backed securities because of credit rating agency downgrades.